The Land Report

Winter 2015

The Magazine of the American Landowner is an essential guide for investors, landowners, and those interested in buying or selling land. The award-winning quarterly is known for its annual survey of America's largest landowners, The Land Report 100.

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W I N T E R 2 0 1 5 | The LandReport 19 LANDREPORT.COM FrontGate M A R K E T U P DAT E M A R K E T U P DAT E | G I V I N G | TO P T E N | I N V E S T I N G R enowned as the Equestrian Capital of the World, Florida's exclusive enclave of Wellington has seen staggering increases in real estate values since the end of the Great Recession. Witness the current average of $515,000 per acre, an 89 percent jump in six years. But that's only part of the story, according to Brad Scherer, president of Atlantic Western Realty Corporation. "What surprised me about our new study is the breadth of the total sales volume as well as the huge increase in price," he says. A longtime local, the Florida broker authors theWellington Land Report, a biennial study of market trends in the most expensive equestrian market in the U.S. The highly detailed report, which the company first published in 1996, examines all aspects of the market from gross sales to macro trends in the western reaches of Palm Beach County. The area first garnered international attention in the 1970s when it became a mecca for polo enthusiasts when Bill Ylvisaker and Alan Scherer, Brad's father, launched the Palm Beach Polo and Country Club. The 2015 Wellington Land Report tells the story of a thriving local market bolstered by scarcity. Consider that in the past two years, 138 sales involving 800 acres in and around Wellington have totaled more than $412,545,000. (Download Volume XI of theWellington Land Report at www.atlantic-western.com.) Riding High A new study reveals that land values are riding at full gallop in Wellington. — Lisa Martin GUSTAV SCHMIEGE III Each spring, the world's finest polo players journey to Wellington for the high-goal season. Valiente (in white) took top honors in 2015 by winning the U.S. Open.

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